German American Bancorp, Inc. reports record fourth quarter, strong annual 2025 earnings

• Record quarterly earnings of $0.95 per share; $0.96 as adjusted*
• Robust 4^th quarter return on average assets (“ROAA”) of 1.67%; 1.68% as adjusted*
• Robust net interest margin* of 4.13%
• Low efficiency ratio* of 48.6%
• Healthy credit metrics, with annualized net charge-offs of 0.04%
• Strong annualized linked quarter loan growth of 7%
• Tangible Common Equity* (“TCE”) ratio increased to 9.44%; Return on average TCE (“ROATCE”)* of 19.49%
• 21^st consecutive year of double digit return on average shareholder equity
• Declared 7% cash dividend increase, making it the 14^th consecutive year of increased cash dividends
• Heartland Bank acquisition continues to integrate seamlessly
• Recognized as one of America’s Best Regional Banks in 2026 by Newsweek

German American Bancorp, Inc. reported record earnings for the three months ended December 31, 2025. The Company also announced a 7% increase in its regular quarterly cash dividend, as its Board of Directors declared a regular quarterly cash dividend of $0.31 per share, which will be payable on February 20, 2026, to shareholders of record as of February 10, 2026.

For the three months ended December 31, 2025, the company reported net income of $35.7 million, or $0.95 per share, reflecting a linked quarter increase of $0.7 million, or approximately 1% on a per share basis, from previous record third quarter 2025 net income of $35.1 million, or $0.94 per share. The company also reported strong annual net income of $112.6 million, or $3.06 per share, for the year ended December 31, 2025, reflecting a year-over-year increase of $28.8 million, or approximately 8% on a per share basis, from the year-end December 31, 2024 net income of $83.8 million, or $2.83 per share.

On an adjusted basis, net income for the three months ended December 31, 2025, was $35.9 million, or $0.96 per share, reflecting a linked quarter increase of $1.5 million, or approximately 4.4% on a per share basis, from previous third quarter net income of $34.4 million, or $0.92 per share. On an adjusted basis*, net income for the year ended December 31, 2025, was $129.7 million, or $3.52 per share, reflecting a year-over-year increase of $45.9 million, or approximately 24% on a per share basis, from year-end December 31, 2024.

Profitability and capital measures remained strong as ROAA for the fourth quarter of 2025 was 1.67% (1.68% as adjusted*) and ROATCE was 19.5% (19.6% as adjusted*). These compared to ROAA of 1.68% (1.65% as adjusted*) and ROATCE of 21.1% (20.8% as adjusted*) in the third quarter of 2025.